Toronto airport traffic saw huge rebound in 2022 and the numbers are staggering Toronto
Flint suggests that by allowing Canadian airports to reinvest the rent they pay, progress would be accelerated.
"Doing so would bring about an aviation system that is globally competitive and on the leading edge of passenger service, benefiting not only travellers but all Canadians by virtue of the strong economic contribution that airports make to their communities, provinces and country." For the first fiscal year since 2019, the GTAA generated net income in 2022, increasing by $422.7 million to $72.3 million. While they state the extent of the pandemic's financial impact continues to be analyzed, they believe a full recovery will be achieved in the long term.
Compared to 2019, passenger and flight activity is still lower than it was, but it's on the rise. During 2022, traffic was 70.5 per cent of what it was in 2019, according to the report, but 78.9 per cent during the fourth quarter of the year. With those numbers only expected to increase for 2023 and beyond, Toronto Pearson has its work cut out for it if it to
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